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Gold/Mining/Energy : Precious and Base Metal Investing -- Ignore unavailable to you. Want to Upgrade?

To: russwinter who wrote (334)	10/27/2001 1:23:22 AM
From: lbs1989	Read Replies (1) \| Respond to of 39344

EV Dear Russ, If AK-47 was to rank this list by EV instead of alphabetically would we have a list almost any investor could use to start their DD in your HO? Secondly some of "our" favorites like SLR,PLY, and NGT are pretty low on the relative EV list. Are we owning them for diversification or do they have other intrinsic value besides EV as a measure of their worth? Thanks and regards,

To: russwinter who wrote (334)	3/7/2002 6:51:50 PM
From: ms.smartest.person	Respond to of 39344

Orezone sees gold in merger Thursday, March 7, 2002 By GEOFF MATTHEWS, Ottawa Sun An Ottawa junior mining company is picking up a British partner in a move it hopes will lead it into commercial gold production in West Africa. Orezone Resources Inc. will merge with Coronation International Mining Corporation in a deal that gives Orezone access to a 1.5-million ounce gold project in Burkina Faso. "We have already had some good success in the region," said Jeff Ackert, vice-president of exploration for Orezone. So far, however, the company has not found a commercially viable deposit. It is hoping its deal with Coronation will help it turn that corner, and be in production within a year. In order to be commercial, he said, a gold field has to contain at least one million ounces, and gold has to be fetching $290-$300 US an ounce -- the range in which it is selling at present. "You never know if a find is viable until you actually get in," said Ackert, but the Coronation project is promising, he said. "Right now it looks like 1.5 million ounces, but it could just as easily be 2.5 million in a year's time." CONDITIONS TO BE MET The merger deal depends on several conditions, including the requirement that Orezone secure $2 million in new financing to provide working capital for the project. Ackert said that will most likely be raised from current shareholders. Orezone shares have been creeping up since the start of the year from the 9-10cents range, thanks in large measure to the rising price of gold, Ackert said. The shares closed yesterday at 22cents on the TSE, up 3.5cents from the day before. "We are very pleased with the dynamics of the merger," said Orezone CEO Ron Little. "We have complementary strengths and a tremendous asset base that will accelerate our growth to become a producer or a takeover target." canoe.ca